Accountant - Technical Accounting

3 weeks ago

Old Toronto, Canada Munich Re Full time

Company
HSB Canada
Location
Toronto, Canada

Driven by technology and fuelled by innovation, HSB is Canada’s premier specialty insurance and applied technology services provider. Offering 150 years of technical and service excellence, we are focusing on emerging trends and unlocking new opportunities for clients. Today, we are accelerating, changing the future of insurance and risk solutions, for a modern world.

At HSB, we value the strengths and contributions of our diverse workforce. We offer continuous learning opportunities, giving you flexibility to grow in your career while enjoying a healthy work-life balance and a collaborative approach in our coast-to-coast network of offices. Become part of a rewarding and impactful workplace experience while seeing first-hand technologies and risk solutions that are changing the way we live and work.

HSB is much more It’s insurance. Engineering. Technology. To learn more about us, please visit: www.hsb.ca .

Primary Objectives:

Responsible for IFRS and Solvency II quarterly and annual data submission and reporting process, the Accountant is a key member of the Technical Accounting team. Reporting to the Manager of Technical Accounting, the Accountant will be focused on ensuring timely analysis of data contributing to internal and external financial reporting, communication errors, omissions, and other issues. The Accountant will regularly contribute to the streamlining and other improvement of existing reporting processes to ensure the provision of accurate, complete, and timely results reporting within the organization. This role requires an understanding of financial reporting and the financial reporting close process.

Job Responsibilities:

  • Solvency II submission to the European parent company
  • Reconciliation of Solvency II results to IFRS results
  • Maintenance of lease contracts in the accounting system
  • Preparation of lease commitment schedules and note disclosure related to leases
  • Reallocation/reconciliation of insurance receivables and payables under IFRS 17
  • Reconciliation of intercompany balances for both group and stand-alone reporting
  • Preparation of IFRS 17 journal entries
  • Streamlining and automation of existing processes in financial reporting functions to improve accuracy and meet tight deadlines
  • Other ad hoc reporting and requests

Qualifications:

  • Bachelor of Commerce or equivalent from an accredited university
  • Recognized accounting designation, preferably Chartered Professional Accountant
  • 3-5 years of progressive experience in the accounting and insurance industry
  • Understanding of GAAP and IFRS, especially IFRS 17
  • Knowledge of Solvency II is considered an asset
  • Excellent verbal, and written communication and interpersonal skills
  • Ability to prioritize multiple tasks in a deadline-driven environment
  • Strong analytical and accounting skills, high level of attention to detail
  • Able to work independently with minimal supervision

Creating and maintaining a work environment that promotes respect, diversity and dignity is important to us. We strive for equality in our workplace, to eliminate employment barriers, and promote a workplace based on principles which align with our company values and promote positive employee practices. Candidates requiring accommodation during any stage of our selection process should advise us of this; we will strive to work with individuals to find a suitable means to meet their needs.

We thank all candidates for their interest; however only those selected for interview will be contacted.

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